Multiple Choice
The Dividends Declared account
A) appears on the statement of income along with the expenses of the business.
B) must show transactions every accounting period.
C) is increased with debits and decreased with credits.
D) is not a proper subdivision of shareholders' equity.
Correct Answer:
Verified
Correct Answer:
Verified
Q79: If a revenue account is credited, this
Q80: All transactions<br>A)are entered in the general ledger
Q81: An expense<br>A)decreases assets and liabilities.<br>B)decreases shareholders' equity.<br>C)has
Q82: When an asset increases which of the
Q83: A list of accounts and their account
Q85: A simple journal entry affects<br>A)one account.<br>B)two accounts.<br>C)two
Q86: If a journal entry is posted twice,
Q87: A paid income tax instalment<br>A)increases assets and
Q88: Which account below is not a subdivision
Q89: The procedure of transferring journal entries to